I have had a brief read of
December 2025 › Forums › General discussion › 100% reserve banking › I have had a brief read of
I have had a brief read of the web page above. Cooperation is generally better than competition, but competition has at times driven technical progress through necessity. For example, the need to get the upper hand in war probably led to the development of gun powder, which could then be put to a practical use in mining and quarrying.A piece of waste land near where I live could be put into practical use by becoming allotments, or a communal garden. However, in many communal activities, there are often those who do all the work, and others who want a free ride, so there is a need to encourage all to contribute. At the moment, the need to have money provides a strong incentive even for the lazy to do something, granted at times wasteful or criminal. At the other extreme, how is a person who contributes much more than others to be rewarded ? This is also a problem with the Capitalist system, because greed and laziness are very strong drivers of human behavour, and Socialism would have the same problems in trying to overcome them. In fact greed is the main driving force in Capitalism. I will re-read it when I have more time.
